PUBLIC SERVICE COMMISSION 


FOR THE FIRST DISTRICT 


"June 30, 1908, of the 


AVENUE f RAILROAD Co. igi 12 Tune 30, ‘oti 
FEB er tS S Lessee of © . 
gebridge Bailey Company (Since March FE: 1908) 
if UNION RAILWAY COMPANY 

i= ee es Lessee of _ 

8 ee ae a4 Traction Company 

Ed a 6 ae 


dock. wee 
ae 


a Report, which will contain the returns i in more complete form, ae 
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SLNAWALVLS LIAHS AONV IVE 


BALANCE SHEET STATEMENTS—Concluded 
Receiver’s Accounts (June 30, 1908) 


Forty-second 
Dry Dock, Street, Third Union 


E. Broadway Manhattanville Avenue Railway 
and Battery and St. Nicholas) R. R. Co. Company 
R. R. Co. Ave. Ry. Co, 
Assets: SIDE. 
Cost of road and equipment................... * * * * 
ISTEUIE Pg SES 2 Te Sis, ee $49,373.92 $106,937.81 $23,716.94 $22,217.39 
AGCOUNTS TOCEIVADIC! «0. so os Abie we ce cc ec eee 25,260.51 109,522.32 246,791.86 103,529 .30 
Advances to Third Avenue R. R. Co......... Sarto 100,000.00: ZOOMOUKDD OS. Sree ke 750,000.00 
eS Se oe a 63,976.07 630:. 60 Wp LsOOOS 4 “Sk ciao anetelw one 
PPODAR VINCI reas ses cis. © Aoi e cddtenene «SOR Gbele ss ahs 6,557.33: 501.31 PAM GONOMEL cL. licks anne 


Materials and supplies 


ee ih eR co RAPE RR ACRE EIB tc AS on ee Ee 165,776.98 80,688 . 37 
expenditures on Toad and CqUuIpMeNt.. |... fs w mise os ee ee hols 259,683.34 1,878.00 
Receiver’s certificates borrowed from associated 
SES aa ahs Se ES ae pac RS RI Ae nel iE GbOLOGO OBS 2, se Sala stake 
Beem T ore Pe s,s aie sce as $245,167.83 $417,591.44 $2,502,304.96 $958,313 .06 
LIABILITIES SIDE. 
SCQILURE BUOCN es tire ORE cack t's. FR a Sele t oS * * * * 
Wrens, Gs ey ole ve e's» Hack * * 4 td 
Receiver’s certificates (see Contra)..........0... - $100,000.00 $20G 000.00 Sa. in. PR. ee $750,000.00 
Current liabilities matured and unpaid...... 8 woke 116,700.80 89,266.27 $294,762.09 133,542.65 
Current liabilities unmatured.................. 14,240.13 53,609.93 2,013,157.09 42,475.94 
MRPMOCTOOIUS on k. cece sok ees $230,940.93 $342,876.20 $2,307,919.18 $926,018.59 
BRUT TIUS see. peisa. oleh » varb¥Ghe acc)'s ohh $14,226.90 $74,715. 24 $194,385.78 $32,294.47 


THIRD AVENUE RAILROAD COMPANY 


No return has been made to the Commission as to the. assets. and. liabilities. of the corporation since June 
30, 1907, when they were reported as follows: 


ASSETS, 

SI ES I OP ei be re cen ne oa SS One $44,523,987 .99 

Pe ene SGA aah ath. es be eine Ae os Saar e $1,113,596. 33 ? 

eae CG TEAS. Cee roc Gc. cicltivisctere bis o Ris ck kc deecsccecceacawsy 100,000. 00 
oe 1,213,596 .33 
Deposit with Farmers’ Loan and Trust Company, trustee first mortgage bonds............. 9,711.92 
die wc er ane so athe ooh eevee edeees 11.05 
Se eens et Femees 9. = <2) ve Meta to Hie Gn a ORR ede TS ek ee cee oes 18,310,827 .63 
Open: s0ceunta.. i... cp. oe ss ope Ag SSCS ig eee ae ae, Ae in ee oe 121,807 .08 
Materials and supplies........3;........... TR ae Roe. ome: cual oh v ofa Bb-pecth onehs oft 14,027.32 
$64,193,969 .32 
. LIABILITIES. 

i Ga? SN Fg a BSS 5 SR i TE 0 Se ie ee Pass $15,995,800 .00 
See UA ke PRR re nn a een OR a4) vt, Sc seals cab pe © cote aeleie cgele 742,560,000 .00 
eee he en Ee nes ee en eS Gp ao, ati. eleieeles we ee eer wwe cme 5,474,769 .18 
IRIS Sg OO 5) REO ey 163,400.14 
: "$64,193,969 .32 


* These accounts are not carried on books of receiver. 


+ Consisting of $5,000,000 5. per cent 1st mortgage bonds due July 1, 1837, and $37,560,000 consol. bonds 
paying 4 per cent and maturing 100-years from May 15, 1980. 


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PUBLIC SERVICE COMMISSION 


FOR THE FIRST DISTRICT 


Tribune Building, No. 154 Nassau Street, New York City 


Preliminary Abstracts of the Reports for the year ended 
June 30, 1908, of the 
CONEY ISLAND AND BROOKLYN RAILROAD CO., Lessee of — 


Brooklyn City and Newtown R. R. Co. 
DeKalb Avenue and North Beach R. R. Co. 


MARINE RAILWAY COMPANY 
VAN BRUNT STREET AND ERIE BASIN RAILROAD COMPANY 


The annual returns of these companies for the year ended“June 30, 1907, were 
published in the second volume of the Commission’s First Annual Report. The 
following abstracts are made public in advance of the issuance of the Commission’s 
Second Annual Report, which will contain the returns in more complete form, revised 
and corrected as may be necessary. 


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PUBLIC SERVICE COMMISSION 


FOR THE FIRST DISTRICT 


Tribune Building, No. 154 Nassau Street, New York City 


HUDSON AND MANHATTAN RAILROAD COMPANY 


Preliminary Abstract of Report for the year ended 


June 30, 1908 


The annual return of this company for the year ended June 30, 1907, was 
published in the second volume of the Commission’s First Annual Report. The 
following abstract is made public in advance of the issuance of the Commission’s 
Second Annual Report, which will contain the return,in more complete form, revised 
and corrected as may be necessary. 


Form R30 1 M-My-09 (Bt) 


© A LS Gr) 


INCOME ACCOUNT (a) 
(From Fresruary 26, 1908, ro June 30, 1908) 


Revinvie 
PASSONgEr THVONUC. 05 es oasis éve'a’e bie ow bc dee we IS Pe oan ee Re eee $218,186.10 
Income from station Privileges. ./5:.°s.c'0 oe oisisis © Mia oe Siow » cies spin eee ae 3,492.64 
Other miscellaneous.........cceecee e's OF ERE Rd A MRE OE RAK. 6 2 rey 736.87 
Total operating revenue: oi. fie te ak cele crew ce iene $222,415.61 
OPERATING ExPENsEs 
Maintenance of way and structures...........ccccceccccccecccece $37,267.16 
Mairitenante:of equipments <i t Saiust sui plas sa aelo ern eases,» sateen ee 18,973.50 
Operation-of power: plant: .:os.cse cane a slencrr cis aalevae pik heen tases eee tieit Looe 
Operation“of Garsi. oo. cco oie atin wlstele Qonatanatlaie nbudaasze|ollceaceipheteucs Mana olan 65,527.06 
Damages (including légal expenses)... s9) i. cue Sissace os Stare watchs Wistercicae Wo ela onesie gists lenis 
Géneral expenses: 0S oo ce Reiko Fate elo tbe Bes 0. Ka le ae 30,141.69 
Potal osc hic ce pe ee bch ace eee cena ee $229,680.61 
PaPEE ee 8, As eR PO, AR Se. oe ee ee eee ae eee, 5 
229,680.61 
Operating10ss.) o344lk Shek io ok es De, Oat $7,265.00 
Rivenve From Ottswwe OranATiONs 
From Hudson Terminal buildings............... $1 10,048.57 
Less operating expenses........00223.%6. 88;467 .90 
EEC ER $71,580.67 
From other real estates <i ove bic bio cjoleinle sss «Breed -sleleye a sa pec eee ae ene 2,046.10 
> 73,626.77 
Operating income (revenue less ExpeNnseS)...... ccc cecceecccceveces $66,361.77 
Interest on bank: balamces;6te J. 6 2s.c hiss week vives. one 2 ee ww atu eee eee 647.96 
GIEOSS: INCOMIC; 6.5 So avis oo koe hid eid Stee ote aoa eee eee $67,009.73 
DEDUCTIONS FROM INCOME 
Preliminary expenses prior to opening to public Eu siebiie rtite: + eae eater $7,148.55 
Preliminary expenses Hudson Terminal buildings................... 12,721.53 
$19,870.08 
Less adjustment in stock material values.............se006 319.00 
19,551.08 
Surplus foryeak,..4 fs. dep cis 0s tele Gad wales ee VR $47,458.65 


a Income from the portion of line completed and in operation from 19th Street and Sixth Avenue, 
New York, to Hoboken, N. J. The downtown system which will extend from the Hudson Terminal at 
Church, Cortlandt, Fulton and Dey Streets, New York, to Jersey City, N.J., is still in course of construction. 
The entire length of the projected line is about 8.8 miles of double track and 8.1 single track. 
b All taxes during the period of construction are payable by the construction company. 


") } ja 08 


BALANCE SHEET 


June 30, June 30, Inerease or 

1907 Assets Sipp 1908 (D) decrease 
$101,999,686.89 Cost of road and equipment a..... eet Pe, . $101,514,348.01 D$485,338 .88 
eeeseeeeee eevee ee Materials and supplies eee eevee @eeeov eevee Peeve eevee 23,499. 34 23,499 34 
41,485.36 Bills and accounts receivable......... Coen ramets 67,840.63 26,355.27 
5,994.03 Cash eeeeee errr ere eer ee ee eee eeeeereee e@eeseeeeose 92,612. 50 86,618 47 
eT ee aa SOOT ILIes NelG-ilt TLOAAUTY. Go. Skt cet e cee 501,420.00 501,420.00 
pe sea ee . Prepayments (insurance premiums).............. 1,550.50 1,550.50 
$102,047,166.28 Lig RAG a) Ce a eee ins 2 tne ten ae ae $102,201,270.98 $154,104.70 


$45,249,950.00 _ Capital stock... 5:2... ee ec ecw eee wees b $45,249,950.00 00... ccc eee 
56,500,000.00 F OT EL LS 2 = SS TP te po a a A CF: 06,500; 000- 00 oie Dike hos 
297,216.28 { Accounts payable—matured and unpaid.......... 107,798.28 i D$188,993.01 
Accounts payable—unmatured...........:...... 4234 .99 

Dab sce ae ss PE Due for construction and expenses payable in 
WOMAS fhe 5s el oe Bee ONT Soc Marie ae ates 295,639 .06 295,639 .06 
$102,047,166.28 TEOTAL- CTOAUUS Coss yore be ee. abs $102,153,812.33 $106,646 .05 
een ree eMC RUPP ds cache’ c o viekc cies Soe bleep be seks 47,458.65 47,458.65 


a In the report for the year ended June 30, 1907, as rendered to the Board of Railroad Commis- 
sioners— 
$89,315.00 par value New York and Jersey 5 per cent. bonds. 
77,595.00 par value Hudson and Manhattan preferred stock. 
$34,510.00 par value Hudson and Manhattan common stock. 
a were originally issued to the Reorganization Committee of the New York and Jersey Railroad 
ompany in part Sg tence for road and equipment, but subsequently turned over to the company by 
the Reorganization Committee, and held in the treasury) were included in the amount given as the cost 
of road and equipment. 


onsisting of — F 
$5,250,000 .00 Hudson and Manhattan preferred stock issued in exchange for 

$8,500,000.00 New York and Jersey preferred stock at 105. 

1,500,000.00 Hudson and Manhattan preferred stock at 105. 
89,999,950.00 Hudson and Manhattan common stock issued in exchange for 

$5,000,000.00 New York and Jersey common stock at 220. 
1,500,000.00 Hudson and Manhattan common stock at 220. 

14,850,000.00 Hoboken and Manhattan preferred stock at .76148. 

18,900,000.00 Hoboken and Manhattan common stock at .76148. 


$45,249,950 .00 


ts of — 

$51,500,000.00 Hudson and Manhattan 4} per cent. first mortgage bonds due 1957, 
interest payable February and August, issued to refund $19,000,000 
New York and Jersey R. R. Co’s 6 per cent. debenture bonds, and 
$32,500,000.00 Hudson and Manhattan Railroad Co’s 6 per cent. 
debenture bonds.: An additional $5,500,000.00 of these bonds are 
; held by Standard Trust Company, Trustee, under mortgage to 

redeem $5,000,000.00 New York and Jersey 5’s at 110. 
5,000,000.00 New York and Jersey Railroad Co. 5 per cent. first mortgage bonds 
due 1952, interest payable February and August, which were issued 
originally to acquire the old tunnel from the reorganization com- 

mittee and to pay for construction work. 


-¢ Consis 


$56,500,000 .00 


MISCELLANEOUS INFORMATION 


Miles of first track (in operation June 30, 1908)........ ob 00s ob 0 0 cguhew oly eRe 8.31 
Miles of second track (in operation June 30, 1908). .... ccc cedececccccccccccccsccccccs 3.30 
Total track mileage (electrically operated subway and tunnels)..........eceseessesececs 6.80 
Thereof, mileage in State of New York.. eeeee S@cceceeeoveee @eoecerceevtoeaneeerteoeatsene 4,22 
Cars—total number, all kinds.........ccccccccccccccsccvus 2 ade Ste TG Pre 53 
Passenger cars eeeeoeeeceeeoeoereeeeeoeoeee ee een eeeeeoe eveecererevevoeere reese e¢e¢eoereoescoebeeoeoeeevece 50 
Average seating capacity.......e. grate acs eteretereit eh AeA Pe eT 40.4 
Average number of cars operated..........eeees od pd eS at a aee le Pb ee - 40 to 45 
Total number of trips made (estimated)........-eeeees PRE Stead <> oe 6 abe aot eubigisre eames 27,840 
Total passenger Car miles TUN. «0,0... «sos ove 6.66 60d 0 0 9 euwie oles 016, bie ase. bjsieie ieienete rete einen 618,742 
Passengers—number of five-cent fares.....ccccccccccccccccercscccscces Pre Ar 4,363,722 
Number of persons killed—entire system.......cceeceee rere ee cheb bebe 2 
SN: SLOG OG NOW 0 OPK. 5 vc .'4:5 05 0.0.an somes octets oe cay gts ats 6 takai I po) None 
Number of persons injured—entire system........-ecccccee PORN Ty) ote aes 104 
Thereof, in State of New York..........ccceeee oo 0.0 fone iele ig ‘ane 4/0 a) ee Pr 48 
Number of employees injured—entire system. .....ceccccscccvcrvvscces 5 pighe siehe wR ads 12 
Thereof, in State of New York...........cecccccsces aa 60/6 peacepeiviraieie sckinge maura 3 
Number of officers and employees, June 30.........cceccccvcccevcccveceeseres Sinee tae 339 
Number of motormen (hourly rate of wage, 35c.)......... Sone scene eeeeew mag Mine acetal 17 
Number of conductors (hourly rate of wage, 21¢.)......cccececcccecsccscsceece jae Ristage 13 
Number of guards (hourly rate of wage, 18¢.)........cccccccsccceccsssccccees Seyi 25 
Total compensation of officers and employeeS.........cccececccecscce ote-cts 9: sip armje ba eae $117,406. 
TWENTY LARGEST STOCKHOLDERS STOCKHOLDINGS 
Name Address No. Votes Common Preferred 
Hudson Companies.............-06 62 Cedar St. 144,428 128,678 15,750 
Panne Thacher & Bartlett, Trus- . 

es A ei i a i lc MO SR Bd 62 Cedar St. 136,684 136,684 PME 
Dariont Clarke, Pliny Fisk, W. M. 

FROEN S eae bea fee Teak 62 Cedar St. 71,250 Tl Deb es. Oak ee 
Tiitdson 6 an.- Con isiy.c <0 > o:515 caine 62 Cedar St. 38,625 2,588 — 6,037 
Harvey Fisk & Sons............000% 62 Cedar St. 18,450 7,091 11,359 
De VS RE Poe eck et ee tte 62 Cedar St. 14,103 8,508 5,595 
Wie GrlOakimian ose Saar yes 62 Cedar St. 7,428 6,704 724 
J. Py Morgan & Cone Bee 23 Wall St. 6,666 a gt tae 6,666 
First National Bank of New York.. 2 Wall St. B,d00. Oe | SE 3,333 
Cling SPC iis 2 aS, SCs Le 62 Cedar St. 5,730 3,564 2,166 
W... Be Bathum) 2 S329, PI Ge 62 Cedar St. 1,229 1,229 ols oe, 
2 DEAS! Sol SATE) oe ree eee ae Gram Pam a neo Ci Rae 62 Cedar St. 66 66 Se 
Petes MROCRUOO ees ciel once ee set 30 Church St. 32 32 bit tors 
BABs PENNING so. ocd oe Ue ee ee tec 15 Broad St. 23 b+ ramen eae AN oe 
1h ee Ca ai ee ed perk a es 71 Broadway 22 22 she ee 
EIRCOM VOLSG: eile oc 'e ek ota dee «ieee 7 Wall St. 22 22 Pe es 
Se Ie POY 2008 PRES OU Fae al 54 Wall St. 22 22 ce 
John G. McCullough Se a RE ey hn ee, 25 Broad St. 22 22 RS A 
Gracy Rorerss oso oe EF. Binghamton, N. ¥. 22 22 F oe 
Bers Coy oune= VPS o es Bree Jersey City, N. J. 22 Led hs Se es cence TS 


